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ProCredit Bank proposes new solutions for small business development
Thursday, 30 September 2010
Now, when small businesses need monetary fund’s to replenish working capital and to ensure their constant growth and development, ProCredit Bank launches a new product, designed for small enterprises engaged in trade and agriculture. Comparising with other banking products and services, this loan enables small businesses to reimburse interest rate and principle amount at the end of credit period, not monthly. At the same time the new loan has an attractive and advantageous interest rate.
The loan is extended for a period up to 2 months, in the amount from 50 000 to 100 000 MDL /5 000 – 10 000 USD.
Reimbursement method is established according to the following criteria:
In case of enterprises engaged in trade:
Reimbursement of the loan takes place at the end of the period, by means of complete repayment of the interest rate and principle amounts.
Period to maturity: 6 months
In case of enterprises engaged in agriculture:
Reimbursement of the loan takes place in the following way: interest rate is repaid once in 6 months, while principle amount is paid off at the end of the period.
Period to maturity: 12 months
ProCredit Bank is a bank for your business, which pays a special attention to lending to very small, small and medium-sized enterprises, as we are convinced that these businesses create the largest number of jobs and make a vital contribution to the economies in which they operate. Thus the new product shall diversify development needs of small enterprises and offer them possibility to grow and develop constantly.
ProCredit Bank. The bank for you, the bank for everyone.
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CB “ProCredit Bank” S.A. is member of the ProCredit group of banks operating in 21 countries in Eastern Europe and Latin America. It is an international bank which is wholly foreign-owned; its shareholders are ProCredit Holding AG, Germany (81.9244%), KfW, Germany (11.9883%) and DOEN Foundation, The Netherlands (6.0873%).
ProCredit Bank is a sound and reliable financial institution which aims to build long-term working relationships with its clients, based on mutual trust. CB “ProCredit Bank” S.A. positions itself on the financial market as a “neighbourhood bank”, a socially responsible bank which offers a wide range of simple and accessible banking services and products for people living and working in the neighbourhoods in which it operates.
CB “ProCredit Bank” S.A. aims to set new standards in quality of customer service and ethical business practice by offering financial services at fair terms and conditions, thus contributing to people’s growing trust in banks.
For additional information, please contact the PR Specialist, Eliza Frunză. Telephone: 836-431 e-mail: e.frunza@procreditbank.md.
© ProCredit Bank, September 30th 2010. All rights reserved.